VRINCTI BULOW play-acting. Asquith speaks in his memoirs of the flippant credulity which was and is one of his most besetting sins. Mis exaggerated respect for wealth lie shared with " Uncle Kdward," Both set far greater store by capital and capitalists than by virtue and die virtuous. Kdward VII was by nature less given to prejudice than his Imperial nephew. But with the latter, too, money could tear down the highest barriers. Not only Krupp, armourer and goldsmith at once, but: of her moncy-rnokers farther removed from the springs of war had appealed to his love of display. Perhaps it meant more to the Kaiser than to his Royal uncle that the gifted capitalist should be something of a general raising armies from the ground, if only armies of workers. William II wanted to be Gcsar Augustus, and at the same time the restless Hadrian and the eternally moralising Marcus Aurelius; unhappily, also, there was in him something of Nero publicly playing on the lute and setting fire to Rome, though it was not by deeds so much as by loose speech that William II was fated to contribute involuntarily towards setting ablaze the allied madhouses of Central Europe bristling with arms, and those of the west equally armed to the teeth. But he also wanted to be Diocletian, not, of course, a persecutor of Christians—being one who came and went between Sinai and his barracks—but a slayer of Socialists. Rome had not been built in a day, but Emperor William, egged on by an ambitious and clevet Admiral, wanted to create the German fleet in a decade, forgetting that the Prussian army was the work of a whole line of Brandenburg princes. And the instrument for this feat of unexampled ambition, which British ambition steadfastly opposed, was to be Billow. These two then were to contribute towards the greatest tragedy in the conflagration that was preparing, the moment when the German fleet, the fruit of tremendous technical power, unique industrial effort and long contention between Reichstag and Government, was to be scuttled. No tragedy of the Great War equalled this. What magnificent castles in the air, whatjfo/rf morgana rose up in the soul of the Kaiser during the long years of his rule ! How much pseudo-realistic policy mingled with romanticism and mysticism bubbled in the excited brain of the German Imperator. What an ardent ambition, too, he cherished to